Why ESDS Shares Hit Lower Circuit Today (Sept 16):

ESDS Software Solution shares fell 5% on Wednesday, September 16, hitting the lower circuit amid profit booking. The stock touched Rs 1,733.50 on the NSE, its lowest permissible level for the session.

Despite the fall, ESDS shares remained sharply higher than their listing price of Rs 757. The stock was still up 129.07% from its NSE listing price.

ESDS Software Solution stock falls

The ESDS share price was down 5% from the previous close, with the stock touching a day high of Rs 1,820 and a low of Rs 1,733.50.

The stock has seen strong buying since its market debut earlier this month. ESDS shares listed at Rs 757 on the NSE, a 76.46% premium over the IPO price of Rs 429.

ESDS stock performance

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Stock metric	Value
Current price	Rs 1,733.50
Intraday change	Down 5%
Day high	Rs 1,820
Day low	Rs 1,733.50
NSE volume	17.21 lakh shares
IPO price	Rs 429
NSE listing price	Rs 757
Gain from listing price	129.07%

ESDS Software Solution had raised Rs 720 crore through its IPO, which was priced between Rs 408 and Rs 429 per share. The shares were listed on September 4 on NSE and BSE.

About ESDS Software Solution

ESDS Software Solution provides AI enabled cloud services, managed services, data centre infrastructure and software solutions. The company serves customers across areas including banking, financial services and government institutions.

The company serves customers across areas including banking, financial services and government institutions.